HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: major buy-in?/

major buy-in?/

posted on May 14, 2008 03:33PM
This talk about a 10% buy-in by a major player like Vale Inco has me wondering. 1. How much would they pay? 2. How would you ever value it? Most of us believe that Noront is very undervalued right now. The biggest news we have had until the last couple of days, is the screw-up with the core assays. That coupled with the general market fears has NOT in a head-lock. I can't see anyone paying what I would be happy to sell that 10% for, at least right now. So selling a 10% slice of the pie doesn't sit well with me.
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May 14, 2008 03:53PM
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